Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Financial Services  Charter

Code Series FS500: The Measurement of the Procurement Element of Broad-Based Black Economic Empowerment

2. The Preferential Procurement Scorecard
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Preferential Procurement - Measurement Criteria

Weighting

Target

B-BBEE Procurement Spend from all Suppliers based on their B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend

8

70%

B-BBEE Procurement Spend from all Suppliers that are QSEs or EMEs based on their B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend

3

15%

Procurement Spend on any of the following Suppliers as a percentage of Total Measured Procurement Spend:

 

 

Suppliers that are 50% Black owned

2.5

12%

Suppliers that are 30% Black Women owned

2.5

8%

 

Enhanced Recognition for Procurement Spend

Weighting

Where companies procure from Black SMME suppliers that they support in terms of their own Enterprise Development contributions (as defined under the specific Statement (601 or 602) that applies to that measured entity)

125%

Purchasing from suppliers that are value adding suppliers

120%